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    508 Old Town Rd Block Island, RI 02807-7849
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    Property profile & analytics

    508 Old Town Rd, Block Island, RI 02807-7849

    View on Map

    • Showrooms
    • 6,112 SF
    • 2.37 lot acres
    Off-Market
    Property ID
    US76-0204064
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $975,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Showrooms

    Property Details for 508 Old Town Rd

    Year built
    1825
    Construction
    FRAME
    Lot size
    2.37 lot acres
    Zone code
    RB
    Property type
    Showrooms
    APN
    BLOC M:17 L:027-02
    APU
    BLOCM17L02702

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 26, 2019 $1,750,000 Failte INC David Morrison Warranty Deed $1M · Washington Tr Co
    Aug 1, 2018 — David L Turner Morrison,david & Lucinda Quit Claim Deed · related —
    Jul 10, 2018 — David Morrison Turner,david L Quit Claim Deed · related —
    Sep 16, 2013 — Lucinda Morrison Morrison,lucinda & David Quit Claim Deed · related —
    May 8, 2012 — David Morrison — Deed Of Trust · related $500k · Washington Trust Co
    Nov 2, 2001 $1,070,000 David Morrison Gunter,monica E Grant Deed $650k · First Union Mortgage
    Nov 2, 2001 — David Morrison — Deed Of Trust · related $130k · First Union Mortgage

    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,030,000
      6.5%
      $950,000
      7%
      $885,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $970,000
      Market price range: $689k - $1.86M
      AI Estimate
      $1,003,000
      Market price range: $401k - $2.19M
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,250,000
      Current use
      OFFICE BUILDING
      $1,070,000
      Change: -14% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Block Island
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.5768
    Latitude
    41.1706
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,957
    $438,900
    $1,364,900
    $1,803,800
    -
    $0.00
    $0.00
    $0.00
    More about this property
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